Consolidated Condensed Interim Statements of Cash Flows (Unaudited) - USD ($)
|
1 Months Ended |
3 Months Ended |
12 Months Ended |
Mar. 31, 2019 |
May 31, 2020 |
May 31, 2019 |
Feb. 29, 2020 |
| Cash flows used in operating activities |
|
|
|
|
| Loss for the period |
|
$ (253,855)
|
$ (476,309)
|
|
| Non-cash items |
|
|
|
|
| Accretion of asset retirement obligation |
|
776
|
736
|
$ 2,975
|
| Depreciation |
|
891
|
891
|
|
| Gain on settlement of debt |
|
|
(27,227)
|
(27,227)
|
| Interest income accrued |
|
(130)
|
212
|
|
| Interest expense |
|
89,320
|
53,119
|
|
| Accrued management fees and expenses |
|
65,485
|
30,000
|
|
| Unrealized foreign exchange |
|
(6,524)
|
614
|
|
| Changes in non-cash working capital items |
|
|
|
|
| Receivable |
|
(6,245)
|
1,256
|
|
| Prepaid expenses and deposit |
|
10,879
|
(12,302)
|
|
| Accounts payable and accrued liabilities |
|
40,848
|
(15,322)
|
|
| Cash used in operating activities |
|
(58,555)
|
(444,332)
|
|
| Cash flows used in investing activities |
|
|
|
|
| Expenditures on oil and gas properties |
|
(13,262)
|
(109,933)
|
|
| Deferred acquisition costs |
|
|
(74,951)
|
|
| Cash used in investing activities |
|
(13,262)
|
(184,884)
|
|
| Cash flows from financing activities |
|
|
|
|
| Proceeds from warrants exercised, net of issuance costs |
$ 200,000
|
|
186,000
|
|
| Notes payable |
|
70,000
|
560,000
|
|
| Net proceeds from (repaid to) related parties |
|
7,699
|
(88,089)
|
|
| Cash provided by financing activities |
|
77,699
|
657,911
|
|
| Change in cash |
|
5,882
|
28,695
|
|
| Cash, beginning of period |
$ 35,171
|
13,022
|
35,171
|
35,171
|
| Cash, end of period |
|
18,904
|
63,866
|
$ 13,022
|
| Non-cash transactions |
|
|
|
|
| Oil and gas properties expenditures in accounts payable |
|
$ 1,261,526
|
$ 326,085
|
|